DESIGN BUSINESS' CONFIDENCE “LOWEST SINCE COVID”

Summary from the TLDR Design newsletter

A new Design Business Association report shows that 23% of UK design firms are struggling or cutting costs, marking the lowest confidence since the pandemic due to rising expenses, reduced client budgets, and AI's impact on design value. However, overseas income is up to 36.5%—an 80% rise over the past decade—while the London pricing premium is shrinking as remote work evens the playing field. The report also highlights growth in regional agencies and a rising need for green design skills.